Yet again, the Guelph Real Estate market set new highs in October with an average price of over $650,000. Over 55% of sales were sold higher than the original asking price compared that to the summer months where that number was less than 50%
It’s no secret that the most Ontario real estate markets have hit new highs this year, including Guelph despite a global pandemic. In late September, the Financial Post published an article identifying Guelph as one of the 5 fastest-growing markets in Canada. If you add in the full September sales, the average price of a home in Guelph is +14% this year.
Your home is your greatest asset and when you know your home’s true value in the current Guelph real estate market, you are empowered to make informed decisions. Whether a sale is imminent or not, determining how much your home is worth will help you become ready for your next steps. When opportunities come up
A look at current home sale trends in Guelph by price bracket
In mid-summer, real estate traditionally slows down. During July and August, many buyers and sellers go on day trips, summer vacation and take a breather from buying and selling a house. But this year is different. Many people won’t be going on those summer vacations as they had planned. People are spending more time doing things
If you’re following the headlines related to real estate, you’ve likely about the news release issued by the Canadian Mortgage and Housing Corporation (CMHC) regarding their forecasts for Canadian real estate. CHMC, Canada’s largest provider of mortgage insurance in Canada, estimates an incredible 9-18% decrease in the average home values across the country by 2021.
Headlines around the country speculate on the potential impact of COVID- 19 on the real estate market. Some are calling for an outright crash due to record unemployment rates. Some are saying that when all this dies down, we’ll just go back to where we left off with strong housing prices in Guelph. Who’s right?
Within two weeks, the world has changed dramatically. We’re now in the face of massive closures and shutdowns, cancelled sports seasons, stock market declines and fistfights in the aisles of Costco over toilet paper. COVID-19, or the Coronavirus, has impacted everyone internationally in one way or another. But does the trickle-down of this global virus
You’ve definitely heard how important this is in real estate — and that’s because it’s true! Location is a crucial factor when it comes to the value of your home. Not only does what part of town you are in matter, but what is physically near you can actually help or hinder your property value.
Bidding wars. Buyers are frustrated. Sellers cashing in. These echo the sentiments of the Guelph real estate news headlines in 2017. So far in 2020, we’re almost on an identical path. Sellers, you may want to keep reading. In January 2017, the months of inventory (MOI) was bouncing around the one-month level. This means, that at